Next stop for FTSE

[SantaClaus]

Originally Posted by Moscow Mule

OMG, I agree with Sas. Time for a stiff drink...

Believe me, the market is using technicals with the fundamentals giving the general direction.
Why else would the FTSE retrace to the 38.2 retracement of the last price swing which is also the monthly S2 pivot and daily S2 pivot?

[sasguru]

Originally Posted by Moscow Mule

OMG, I agree with Sas. Time for a stiff drink...

Santa and HAB make me laugh. It's the result of a narrow technical training and lack of real education.

[sasguru]

Originally Posted by SantaClaus

Believe me, the market is using technicals with the fundamentals giving the general direction.
Why else would the FTSE retrace to the 38.2 retracement of the last price swing which is also the monthly S2 pivot and daily S2 pivot?

It's human nature to see patterns where there are none.
You need a course in probability theory.

[BrilloPad]

Is woolworths up today? Is it in the FTSE? Sir Alan buying must have helped?

[HairyArsedBloke]

Originally Posted by sasguru

Bah - technical analysis.
Questionable at the best of times - when panic sets in completely useless.
The market is on a random walk right now.
You need to understand epistemology.

I'm too busy rounding up the animals. Damn swans have escaped again.

[Moscow Mule]

Originally Posted by SantaClaus

Believe me, the market is using technicals with the fundamentals giving the general direction.
Why else would the FTSE retrace to the 38.2 retracement of the last price swing which is also the monthly S2 pivot and daily S2 pivot?

They haven't turned the ordering computers off yet then...

[AlfredJPruffock]

Originally Posted by Cyberman

The sad thing is that I certainly would not have done worse. These guys should have the best brains at their disposal, but have waited a year to do the right thing..... why not a year ago??? It is too late, and the rate cut now needs to be much bigger.

Are you OK CyberMan - its not like you to be pessimistic ?

The thing is - it takes a wee while for rate cuts to have an effect. They couldnt do this a year ago because of concerns about inflation.

My advice is to transcend the mundane duality of Buying and Selling and take refuge in Heaven.

Chant - Hare Krishna - Hare Ramma - Hare Hare

Chant - Hare Hare FTSE index - Hare Ramma - London Bus- Hare Hare - Derivative Trading -Hare Hare Ladies Lavatory

[SantaClaus]

Originally Posted by BrilloPad

Is woolworths up today? Is it in the FTSE? Sir Alan buying must have helped?

Woolworths is up today Brillo. Up 6.45% at 3.3

Must be manic where you are today!

[HairyArsedBloke]

Originally Posted by sasguru

Santa and HAB make me laugh. It's the result of a narrow technical training and lack of real education.

Hardly use TA these days.

I'm more of an old school - "these look cheap, we're 'ave them" sort of guy.

[sasguru]

Originally Posted by HairyArsedBloke

I'm too busy rounding up the animals. Damn swans have escaped again.